Can I retire at age 45 with 2,340,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$193,235$191,514$189,834$188,195$186,595$180,984
2 years$95,661$93,879$92,153$90,479$88,855$83,249
3 years$63,140$61,351$59,629$57,970$56,373$50,949
4 years$46,883$45,100$43,395$41,764$40,206$35,004
5 years$37,132$35,359$33,676$32,079$30,564$25,599
6 years$30,633$28,873$27,215$25,654$24,184$19,460
7 years$25,992$24,247$22,616$21,092$19,668$15,185
8 years$22,514$20,785$19,180$17,693$16,317$12,072
9 years$19,810$18,097$16,520$15,071$13,741$9,730
10 years$17,647$15,951$14,402$12,991$11,708$7,925
11 years$15,880$14,201$12,680$11,306$10,069$6,508
12 years$14,408$12,746$11,253$9,917$8,726$5,378
13 years$13,163$11,518$10,054$8,755$7,609$4,468
14 years$12,097$10,470$9,033$7,772$6,670$3,728
15 years$11,174$9,564$8,156$6,931$5,873$3,120
16 years$10,367$8,775$7,394$6,206$5,190$2,619
17 years$9,656$8,082$6,729$5,576$4,602$2,204
18 years$9,024$7,468$6,142$5,025$4,092$1,858
19 years$8,460$6,921$5,623$4,541$3,647$1,569
20 years$7,953$6,431$5,161$4,112$3,258$1,327
21 years$7,495$5,991$4,747$3,732$2,915$1,123
22 years$7,078$5,592$4,375$3,394$2,613$952
23 years$6,699$5,230$4,039$3,091$2,346$807
24 years$6,352$4,900$3,736$2,819$2,108$685
25 years$6,033$4,599$3,460$2,574$1,897$581
26 years$5,739$4,322$3,209$2,354$1,709$494
27 years$5,467$4,067$2,980$2,154$1,541$420
28 years$5,215$3,833$2,770$1,974$1,390$357
29 years$4,981$3,616$2,578$1,810$1,255$303
30 years$4,763$3,415$2,401$1,661$1,134$258
31 years$4,560$3,228$2,239$1,526$1,026$220
32 years$4,369$3,054$2,089$1,402$928$187
33 years$4,191$2,893$1,950$1,289$840$159
34 years$4,023$2,741$1,822$1,186$760$135
35 years$3,865$2,600$1,704$1,092$688$115
36 years$3,716$2,468$1,594$1,006$624$98
37 years$3,576$2,344$1,492$927$565$83
38 years$3,444$2,228$1,397$854$513$71
39 years$3,318$2,118$1,309$788$465$61
40 years$3,199$2,015$1,227$726$422$52
41 years$3,086$1,918$1,150$670$382$44
42 years$2,979$1,827$1,079$619$347$37
43 years$2,877$1,741$1,012$571$315$32
44 years$2,780$1,659$950$527$286$27
45 years$2,688$1,582$892$487$260$23
46 years$2,600$1,510$838$450$236$20
47 years$2,516$1,441$787$416$214$17
48 years$2,435$1,375$740$384$194$14
49 years$2,358$1,313$695$355$177$12
50 years$2,285$1,254$654$328$160$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,340,000, adding $5,954 every year, while hoping to spend $32,622 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/41/5 Blend
44$2,340,000$2,340,000$2,340,000$2,340,000
45$2,584,822$2,460,802$2,424,532$2,721,357
46$2,813,764$2,546,671$2,471,044$2,900,071
47$3,064,965$2,635,655$2,518,021$3,090,338
48$3,340,661$2,727,872$2,565,444$3,296,598
49$3,643,314$2,823,443$2,613,292$3,520,367
50$3,975,638$2,922,498$2,661,544$3,763,315
51$4,340,621$3,025,169$2,710,174$4,027,275
52$4,741,556$3,131,594$2,759,156$4,314,264
53$5,182,069$3,241,916$2,808,462$4,626,503
54$5,666,157$3,356,286$2,858,062$4,966,430
55$6,198,219$3,474,859$2,907,922$5,336,731
56$6,783,107$3,597,797$2,958,006$5,740,360
57$7,426,163$3,725,267$3,008,278$6,180,566
58$8,133,272$3,857,446$3,058,696$6,660,924
59$8,910,920$3,994,515$3,109,217$7,185,372
60$9,766,252$4,136,665$3,159,794$7,758,239
61$10,707,140$4,284,091$3,210,377$8,384,293
62$11,742,258$4,437,001$3,260,914$9,068,781
63$12,881,161$4,595,608$3,311,348$9,817,479
64$14,134,381$4,760,133$3,361,619$10,636,746
65$15,513,518$4,930,810$3,411,664$11,533,582
66$17,031,356$5,107,879$3,461,414$12,515,695
67$18,701,980$5,291,591$3,510,797$13,591,571
68$20,540,912$5,482,209$3,559,738$14,770,555
69$22,565,251$5,680,003$3,608,155$16,062,936
70$24,793,841$5,885,258$3,655,963$17,480,046
71$27,247,446$6,098,269$3,703,071$19,034,362
72$29,948,945$6,319,343$3,749,384$20,739,628
73$32,923,547$6,548,801$3,794,798$22,610,977
74$36,199,033$6,786,977$3,839,208$24,665,079
75$39,806,014$7,034,218$3,882,501$26,920,294
76$43,778,218$7,290,885$3,924,556$29,396,844
77$48,152,816$7,557,358$3,965,247$32,117,002
78$52,970,762$7,834,028$4,004,442$35,105,303
79$58,277,189$8,121,305$4,042,001$38,388,775
80$64,121,830$8,419,616$4,077,775$41,997,186
81$70,559,485$8,729,405$4,111,609$45,963,333
82$77,650,544$9,051,138$4,143,339$50,323,343
83$85,461,551$9,385,295$4,172,793$55,117,014
84$94,065,837$9,732,382$4,199,789$60,388,190
85$103,544,207$10,092,924$4,224,137$66,185,175
86$113,985,706$10,467,467$4,245,635$72,561,182
87$125,488,458$10,856,582$4,264,073$79,574,837
88$138,160,590$11,260,865$4,279,230$87,290,731
89$152,121,258$11,680,935$4,290,872$95,780,024
90$167,501,766$12,117,439$4,298,755$105,121,119
91$184,446,805$12,571,053$4,302,622$115,400,396
92$203,115,824$13,042,480$4,302,205$126,713,029
93$223,684,529$13,532,452$4,297,220$139,163,879
94$246,346,546$14,041,737$4,287,372$152,868,482
95$271,315,243$14,571,132$4,272,348$167,954,138
96$298,825,750$15,121,469$4,251,824$184,561,108
97$329,137,173$15,693,618$4,225,457$202,843,939
98$362,535,045$16,288,485$4,192,890$222,972,917
99$399,334,014$16,907,016$4,153,746$245,135,670
100$439,880,821$17,550,197$4,107,634$269,538,942